Island Prep School Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 753,885 | 466,436 | 287,449 | 7.4 | 54% |
| 2021 | 1,530,288 | 1,299,989 | 230,299 | 4.8 | 52% |
| 2022 | 1,541,646 | 1,848,352 | −306,706 | 1.4 | 43% |
In its most recent public year (2022), this organization spent $306,706 more than it brought in. Its reserves stood at about 1.4 months of spending, down from 7.4 in 2020. Staff pay was 43% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2022. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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